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New Deal


Announced

Supermarket Income REIT to acquire an additional 25% stake in reversion portfolio of J Sainsbury for $211m.

Financials

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Transaction Value£173m
Consideration TypeCash
Capital Owned26%
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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financial services

Diversified Financials

banking

United Kingdom

Friendly

Pending

Acquisition

Single Bidder

Minority

Domestic

Private

Synopsis

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Supermarket Income REIT, a London-based real estate investment trust, agreed to acquire an additional 25% stake in reversion portfolio of J Sainsbury, a United Kingdom-based merchandise retailer company, for $211m. Beneficial ownership of the five remaining stores is split between both companies using the same ratio as the beneficial interests.

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